‘We never asked to change the deal’ | Cyprus Mail

Polis, Cyprus

Polis, Cyprus (Photo credit: Wikipedia)

This is an VERY GOOD ARTICLE from the Cyprus Mail. Check it out!

‘We never asked to change the deal’ | Cyprus Mail.

Personally, I am not clear whether it’s about back-pedaling or just a bit of good old-fashioned political wiggle-room?

Any thoughts?

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Cyprus crisis: Opportunities and challenges for reunification (SETimes.com)

Map of Cyprus with EU flag

Map of Cyprus with EU flag (Photo credit: Wikipedia)

This is an interesting article and worth a read. Check it out!

Cyprus crisis: Opportunities and challenges for reunification (SETimes.com).

With the pain of the austerity measures still to come, Cypriot politicians and their creditors will be forced to look at upside opportunities. The Economist has also argued that Cyprus has two upside opportunities: (1) re-unification (worth an extra 3% GDP) and (2) offshore gas commercialization. The risks and economic benefits of (2) are directly correlated with (1).

Surely, the EU will have a wider interest in helping find additional sources of natural gas?

Any thoughts?

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